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Expensive to build - Coronavirus increasing house-building costs

One construction company owner explains why it is so significantly more expensive to build houses at this time.

Posted: Sep 21, 2020 11:12 PM
Updated: Sep 22, 2020 10:22 AM

TUPELO, Miss. (WTVA) -- The cost for building materials is drastically higher.

One construction company owner said the reason why is simply supply and demand.

“They’re up quite a bit since the first of the year,” owner of Legacy Construction Company Mark Simpson said.

Simpson explained that when the coronavirus hit in March and April, mills and other supply manufacturers had shut down, and production was scarce. Then, Summer came.

“As it got on into the summertime, the demand got really, really high, and the supply wasn’t there,” Simpson said.

Simpson added right now, his clients are weighing their options.

“I got several houses to start now, and homeowners are kind of looking at the pros and cons of low-interest rates compared to paying more for lumber,” Simpson said.

Karen Floyd is one of Simpson’s customers. She said right now, he is building a new house for her.

“We’ve started, but we’re just to the framing point, but we’ve got a little bit of a stall now,” Floyd said

According to Floyd, the stall is because of lumber costs.

“We’re gonna go ahead,” Floyd said, “it’s just going to increase the cost for my house considerably. I’ve already been told $16,000-$20,000 more because of the cost of the lumber material.”

“I bought some OSB back in May,” Simpson said, “and I think I paid $7.65 a sheet for some OSB, and now it’s about 22, $23, per sheet.”

Simpson said the prices should come down soon.

“Maybe first of the year, we might see a better decrease in materials hopefully,” he said.

Simpson added people had hoped Labor Day would be the point when costs would start to go back down. Now, he says hopefully prices will reach a crest and dip lower in the next few weeks.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 119336

Reported Deaths: 3328
CountyConfirmedDeaths
Hinds8135180
DeSoto742280
Harrison556687
Jackson491790
Rankin417186
Madison389494
Lee370882
Forrest314179
Jones299984
Washington2667100
Lauderdale2639135
Lafayette259143
Lamar235940
Oktibbeha206656
Bolivar206279
Neshoba1894111
Lowndes183262
Leflore174188
Panola173441
Sunflower166550
Warren157156
Monroe155474
Pontotoc152820
Marshall151831
Lincoln146759
Pike141256
Copiah140437
Scott129029
Coahoma127037
Union126425
Yazoo125435
Simpson124950
Tate124839
Grenada123940
Itawamba119828
Pearl River118860
Leake117842
Holmes115460
Adams110645
Prentiss110420
Alcorn106112
Wayne103522
George103320
Covington100129
Marion97244
Tippah96225
Newton88428
Hancock88329
Chickasaw87529
Winston87021
Tallahatchie86426
Tishomingo83341
Attala81127
Clarke78553
Clay71822
Jasper70217
Walthall64927
Calhoun63813
Smith60816
Noxubee60417
Yalobusha57016
Montgomery56923
Lawrence56214
Claiborne54216
Tunica53917
Perry53423
Carroll51512
Stone50614
Greene48218
Humphreys46817
Amite43513
Jefferson Davis42613
Quitman4246
Webster38313
Benton37011
Wilkinson34321
Kemper33515
Sharkey29215
Jefferson28410
Franklin2533
Choctaw2106
Issaquena1074
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 162720

Reported Deaths: 2735
CountyConfirmedDeaths
Jefferson24088384
Mobile17166319
Tuscaloosa10641142
Montgomery10576205
Madison961998
Shelby766067
Baldwin688871
Lee666965
Calhoun480663
Marshall450051
Etowah444553
Morgan442835
Houston426535
DeKalb357929
Elmore329258
St. Clair313843
Limestone300333
Walker290293
Talladega277737
Cullman271925
Lauderdale243743
Jackson228218
Autauga214131
Colbert212532
Franklin210732
Blount203925
Russell19993
Chilton192632
Dallas189427
Dale186252
Coffee185111
Covington178729
Escambia176031
Clarke139117
Tallapoosa138587
Chambers138147
Pike137014
Marion111831
Barbour10569
Marengo105322
Butler102041
Geneva9597
Winston95313
Pickens90018
Lawrence89933
Bibb86615
Randolph85316
Hale78330
Cherokee76915
Clay76712
Washington75912
Henry7366
Lowndes72328
Monroe66310
Bullock65117
Crenshaw61630
Fayette60413
Perry6026
Cleburne5819
Conecuh57313
Wilcox57212
Macon55020
Lamar5255
Sumter48721
Choctaw39512
Greene34616
Coosa2193
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